Investing Cheap and Prevailing Trend Reversals and Underlying Value

All Investments Don’t Have to Move in Step with the Market

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My returns have actually been slightly negatively correlated to the S&P 500. The reason is that most of my companies have zero momentum, zero hype, aren’t usually in cyclical businesses and have no analyst coverage. Why would they move in step with the market?
Source: http://www.valueinvestorinsight.com/